CoinVoice has recently learned that according to an official statement from the U.S. Department of Justice, the cryptocurrency trading platform and derivatives trading platform BitMEX admitted on Wednesday to violating the Bank Secrecy Act, saying that BitMEX deliberately failed to establish, implement and maintain an adequate anti-money laundering program. The law is punishable by up to five years in prison and a fine, and the case has been handed over to U.S. District Judge John G. Koeltl for trial.
U.S. Attorney Damian Williams said: “As BitMEX’s founder and long-time employee admitted in federal court in 2022, the company operated in the United States without any meaningful anti-money laundering program required by federal law. As a result, BitMEX became a vehicle for a massive money laundering and sanctions evasion scheme that posed a serious threat to the integrity of the financial system.” [Original link]
